Report: Dan Snyder considering potential sale of Commanders


Dan and Tanya Snyder announced Wednesday that they have hired Bank of America Securities to consider potential transactions, confirming at least a portion of a report from Forbes that Snyder hired the bank "to sell the Washington Commanders.

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First, here's the portion of note from Forbes:

"Dan Snyder has retained BofA Securities to sell the Washington Commanders, sources tell Forbes.

"According to someone familiar with the process, Snyder already has at least four calls from groups interested in buying the team. Snyder and his bankers are exploring all options and a transaction could be for the entire NFL team or a minority stake.

"Neither the Commanders or Bank of America, which has handled such notable team sales as the purchase of the Los Angeles Clippers by Steve Ballmer in 2014, would comment.

"In March of 2021 Snyder and his family got 100% control of the Commanders when he bought out his minority partners. It was a savvy move by Snyder as the value of NFL teams have continued to soar."

Shortly after that report was published, the Snyders issued the following statement on team letterhead:

"Dan and Tanya Snyder and the Washington Commanders announced today that they have hired BofA Securities to consider potential transactions.

"The Snyders remain committed to the team, all of its employees and its countless fans to putting the best product on the field and continuing the work to set the gold standard of workplaces in the NFL."

Stay tuned to 106.7 The Fan all day for the latest updates on this developing story.

Featured Image Photo Credit: John McDonnell/The Washington Post via Getty Images